"Adhering to the principle of seeking progress while maintaining stability, promoting stability through progress, and establishing the new before abolishing the old" is a new macro governance approach proposed at the Central Economic Work Conference at the end of 2023, which points out a new direction for China's economic policy adjustment. In recent year, China's economy growth has been consistently below its potential growth rate, and a trend of continuous decline in economic growth had alread

One of China's overall development goals for 2035 is to achieve a per capita gross domestic product at the level of a moderately developed country. Achieving this goal requires China to maintain its economic growth rate within a reasonable range in the long term. Since the reform and opening-up, the basic direction of national governance reform has been to streamline administration and delegate power, manifested as repeated overheating in the macro economy; in the past decade or so, the national

The “China Macroeconomic Analysis and Forecast Report (2022)” suggests that the Chinese economy as a whole has shown signs of post-pandemic recovery in 2021, but nevertheless, China's economic growth rate has demonstrated an obvious downward trend. Looking ahead to 2022, the ACCEPT team believes that although the downward pressure on the economy has increased, if the pandemic is properly prevented and controlled and various policies are adjusted in place, China's economy is still expecte

ACCEPT's China Macroeconomic Analysis and Forecast (no. 96) urges a shift from population power to human resource power.

The “Southbound Shift” of China’s economy and population has been occurring for 1,500 years; Beijing, Shanghai, Guangzhou, and Shenzhen account for 12.5% of China’s total GDP, but 5.2% of the population

The Start of the 14thFive-Year Plan: Reconfiguring Economic Geography to Enhance Domestic Circulation and Readjusting Economic and Trade Relations to Open Up New Space in the International EconomyResearch Team:David Daokui Li, Li Keaobo, Huang Zhangkai, Li Bing, Lu Lin, Guo Meixin, Long Shaobo, Feng Xuming, Shi Jinjian, Sean Xu, Fu Lin, Jin Xingye, Wu Shuyu, Hu Sijia, Chen Dapeng, Li Yusha, David Zhang, Zhou Peng, Zhang He, Lang Kun, Wang ZihangRead Full text of the Report (in Chinese):http://ww

Macroeconomic policy framework has played a crucial role in the process of the structural transformation of the Chinese economy over the past four decades. It has done so through what can be summarized as a mix of (1) proactive macroeconomic management to maintain economic stability; (2) financial reform to promote financial deepening, channelling savings into investment and ensuring financial stability; and (3) carefully managed capital account liberalization to promote investment, trade, and i

Presented by the Institute for National and Global Governance and the Academic Center for Chinese Economic Practice and Thinking (ACCEPT) of Tsinghua University